Federal Register / Vol. 63, No. 123 / Friday, June 26, 1998 / Notices 34963

Conclusion

In determining the country of origin

of textile and apparel products

processed in a designated QIZ, Customs

will exclusively apply the rules of origin

for textile and apparel products set forth

in 19 CFR 102.21. However, pursuant to

the principles and policy set forth T.D.

96–58, Customs determines the origin of

a textile or apparel product processed

both in Israel (outside of a QIZ) and in

the West Bank or Gaza Strip by first

applying the rulings and administrative

practices in effect prior to December 8,

1994. If that determination results in

Israel not being the origin of the good,

Customs applies the rules in section

102.21 to determine the country of

origin, with no further consideration

being given to the processing performed

in Israel.

Finally, section 102.21 is not used to

determine whether foreign materials

have undergone a double substantial

transformation so that their cost or value

may be considered as part of the value

of materials produced in the beneficiary

country, territory or possession for

purposes of the value-content

requirements set forth in the abovespecified tariff preference programs.

Dated: June 22, 1998.

Stuart P. Seidel,

Assistant Commissioner, Office of

Regulations and Rulings.

[FR Doc. 98–17059 Filed 6–25–98; 8:45 am]

BILLING CODE 4820–02–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 8824

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice and request for

comments.

SUMMARY: The Department of the

Treasury, as part of its continuing effort

to reduce paperwork and respondent

burden, invites the general public and

other Federal agencies to take this

opportunity to comment on proposed

and/or continuing information

collections, as required by the

Paperwork Reduction Act of 1995,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the IRS is

soliciting comments concerning Form

8824, Like-Kind Exchanges.

DATES: Written comments should be

received on or before August 25, 1998

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the form and instructions

should be directed to Martha R. Brinson,

(202) 622–3869, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Like-Kind Exchanges

OMB Number: 1545–1190

Form Number: 8824

Abstract: Form 8824 is used by

individuals, corporations, partnerships,

and other entities to report the exchange

of business or investment property, and

the deferral of gains from such

transactions under Internal Revenue

Code section 1031. It is also used to

report the deferral of gain under Code

section 1043 from conflict-of-interest

sales by certain members of the

executive branch of the Federal

government.

Current Actions: There are no changes

being made to the form at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals or

households and business or other forprofit organizations.

Estimated Number of Respondents:

200,000

Estimated Time Per Respondent: 1 hr.,

46 min.

Estimated Total Annual Burden

Hours: 353,884

The following paragraph applies to all

of the collections of information covered

by this notice:

An agency may not conduct or

sponsor, and a person is not required to

respond to, a collection of information

unless the collection of information

displays a valid OMB control number.

Books or records relating to a collection

of information must be retained as long

as their contents may become material

in the administration of any internal

revenue law. Generally, tax returns and

tax return information are confidential,

as required by 26 U.S.C. 6103.

Request for Comments: Comments

submitted in response to this notice will

be summarized and/or included in the

request for OMB approval. All

comments will become a matter of

public record.

Comments are invited on: (a) Whether

the collection of information is

necessary for the proper performance of

the functions of the agency, including

whether the information shall have

practical utility; (b) the accuracy of the

agency’s estimate of the burden of the

collection of information; (c) ways to

enhance the quality, utility, and clarity

of the information to be collected; (d)

ways to minimize the burden of the

collection of information on

respondents, including through the use

of automated collection techniques or

other forms of information technology;

and (e) estimates of capital or start-up

costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: June 16, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–16843 Filed 6–25–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[INTL–939–86]

Proposed Collection; Comment

Request for Regulation Project

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice and request for

comments.

SUMMARY: The Department of the

Treasury, as part of its continuing effort

to reduce paperwork and respondent

burden, invites the general public and

other Federal agencies to take this

opportunity to comment on proposed

and/or continuing information

collections, as required by the

Paperwork Reduction Act of 1995,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the IRS is

soliciting comments concerning an

existing notice of proposed rulemaking,

INTL–939–86, Insurance Income of a

Controlled Foreign Corporation for

Taxable Years Beginning After

December 31, 1986 (§§ 1.953–2(e)(3)(iii),

1.953–4(b), 1.953–5(a), 1.953–6(a),

1.953–7(c)(8), and 1.6046–1).

DATES: Written comments should be

received on or before August 25, 1998

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the regulation should be

directed to Carol Savage, (202) 622–

3945, Internal Revenue Service, room

5569, 1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Insurance Income of a

Controlled Foreign Corporation for

Taxable Years Beginning After

December 31, 1986.